HomeMy WebLinkAbout2374 _'~'~~ij~~ I~1~~ili 1~ ~~c .i. _ .t• . - -
~ = D~SCLOSURE.NOTE FOR INSTAIIMENT•LOANS' _ -j` _ . ~ ~ ~i~~ - ~ .
I'irst N~tional Bank of Fort~ Pierce -~N ~~"~~K~~~ - s 4, 500.00 ~
. - BANK NAME . _ - ~ . . . IBI P(MNYf11 f0~ Credil • -ZZS ~ 6S •
- ~ • ut.iaWb~~~~„ a-: .
P.O. 8oic 970, Fort Pierce Fla. 33450 ~ ~c~ o«~~~~.v su~ s ~ 7• 2~
t~FFICE AOOR _ (O) OthK CMrpes (iteT~=e) S nQne
~ _ _ - - ~ - ~ . ~E~ s none -
~:OTE NO. ~ATED: MaY S:- _ - , 19~. (F) . S,n,Q~B
- - - - . lG1 wmour+t F~~+socse- 4 732 .85 - .
UuE: ,.~~Y 7• - ~ ' . 19.~Z. fA. B. C. O. E. F) S
_ . . • IHI I~te~~st . . . _ . .
PIACE: FOIt P~@CCA • ~ ' ^ . FLORIDA (1) Cndit Imiastip~tion Z 5• '
~ (J) OthK = none : - .
Fw w~w nc~iwd, tM un~Maiynad (her~ioafnr cN1~d "Mak~r") lointly ~nd avcrNly (it (K) S ROR@ : . _
~~orc inso on~1 promia co pay co tM wder oi tM e~Mc, ai ia otlia ~i:hd abow. M~ Tou1 iu s none
ot Paym~nts lfrom (Nl at ~ght) of 5. 785. 92 pa~,~ wy~~;~ .
16O .7 , ~;nt lMl FINANCE CHARGE l, 053.07 ~
eyual rrqeMly iostallm~nts of s ' ~ (H, 1, J, K, L) • S
~nsiaume~t dw on 1~@ , 18 . and wbNqutnt insta~~ma?u due on (N) Tou101 Psyn~ntt (G + M) S-5 r.~85 . 92 -
~ne_Z_day o( ~sch ~nonth thKSS(ter, copetner wii~ ~ Fuvn~ Bs?~~OON PAVMENT OF: ANNUAI PERCENTAGE RATE _I3 . SS x
5 nOne DUE - nene - _ . 19 ~ - - - - ~ ~
The Bank ~Asll inpow ~ ddinqwa.y d+srq~ ap~inst tM M~Iw on any qymtnt whicA h~s b~com~ dw ~nd n+n~in~ in ddault tor ~ pKiod in exc~st of 1 O~ +
days in ~n ~mount pusl to 8% ot tM ~mount of th~ pr&~cipal p~rt of tM p~ynwnt in d~tault. In tM wtnt that tht Not~ is not pad in tull at m~turity, dl p~y =
menu. wAtths~ principd. inttnst or othtrwis~, ahall bN? interat tt dw rn~xinwm byd htt alloMwd und~ th~ IwN. All paymsntt rn~d~ h~nund~r shall b~_ ~
crediced first to MteASt w+d thNt to p?ieeipd, Iww~~, in tM ~v~nt of tNhult; tM Bank m~y, in its sol~ di~cretion. ~ppl~ any p~yrtrnt to inttrat. principal .
ondlor tswtulehs~s then ~ocrwd. It is tM int~ntion of tl~ p~rtia h~reto that the provision~ hK~in ~hMl not p?ovide dK~etly or indirsetly.for tht ptym~nt
ot a greatK rst~ of inttnst or the r~tention of aoy othK eharyt tMn if Nlow~d by Isw• If, tor ~ny r~ason, intu~st in ~xaa of such IpN nu or ~ cha~ye pro--
hibited by Isw N~W at any tims M p~id. ~ny w~h exaa shsll ~itMr-aaatituu and b~ trat~d at ~ paym~nt on tM p?ineipat or bt ~fund~d dinetly to the -
Nlaker. 7'h~ NMkK nrY pnqY the ~ntin unp~id bN~iot of tht to~n at ~ny tim~. if ths b~n it pr~paid in iuU~ aepletst~d o~ r~tinM~qd, tfN Msk~r shall r~eiv~
a re fund of tM ~u Q0~t ~on oi tM intenst and i~uraea p~emiumt conKwted by tM RuN ot 7B's mrtRod, ucapt that t!r Bank ~M11 b~ ~ntitNd to q»ia_ ;
n min?rnum int~+sttof Y4 - - - - - . - • - . -
CREDtT LIFE AN~ CREDIT LIFE 3 OlSABILiTY INSURANCE ARE VOLUNTARY_ AND NOT flEQl11RE0 FOR CREDIT. S~id~ ira~ir~na covKp~ is
available ~~t tlN oott d~sipnaW b~low for tM t~tn M1M S 22.5 6.5 = "fo? CqdR Li4lrouwno~ tW S .
for Cr~dit Ute i Oinbility Imunr~• . - - ~usan . s @ . . _ - . - - - .
cn~k J(~ G~dit LN~ Irow~noe is disirod an the ~d~ of GeOY+QB C_ ~ sbotne - s~dau 12/Y9/51-- =
awv~. D a.d~c ur. a ~r~,? i~.~ ~s a~.d ~ . _ _ . - . _ _ B;~na.n - . - .
sox Grdit 4fe ~nd/or Ois~bility Inwrat~ i~ not dnind. ' - 1 - _ - - - - _ - - _ _ • . '
Date: Mey S ~ 1979 = gignstur~,~, /[3 ~1~c'o ~ , b % ~ Signstun ~ ~ l . l ~ )F`f'~~ -
AFiERACdU1RE0Mt0?ERTVMILL~ESUtlECTTOTNEtECURtT1fi11TE~tESTAN00THERORfUTUREINOE~TEDME~SISSECUREOl1fANYSUCH~ROrERTY,ASFOll01MS:_ ~
hAaker hKSby arsnts to B~nk ~»curity intersst ie the propeny, if any, d~scribed in the spsee below snd in atl other property of Make~ now o? he~safter in
Bank's poss~aion, ~nd sueh security interest s1?~11 rso sacun NI otl+er liabitities oi Msker to Bsnk, whether primsry, sccondary, direct or continflent, present
cr future. TAt ifpr~id s~curity interest txdudes the M~Icers primary rtsidence u~kss aid prirtyry ?rsidsnce is dtscribed below. ~
Second Mortgage ~ ~ ~ - .
Lot ll and 12, Block 35, Fort Pierce Shores, Revised Plat of Unit Five(S), as per _
the Plat thereof, recorded in Plat Book 9, Page 36, of the Public Records of St. - ~ -
Lucie County, Florida ~ ' ~
i f the Bsnk rpuiras Ufe Msker to obtain inwr+Mrce torersge sgsinst loss or damage to the colkteral seturing the Maktts indebted~ess to the Bank, tfie Maker
~,ay obtsi~ wd+ coverape from sny apent, broke? w insuror acceptabte to the Bank.
It is jointly ~nd sarerally coyen~nted and agreed with tbe Bank by esch Maker, cndaser, wrety, guarsntor, and other party co this note (sll of whom are
hertinafter tor brevity CaHld Ub~iQO? Or ObliyOrtl lhri:
Bank shall lxertise r~asoMbb qre in the wstody md proservation of the Collateral and shsll be deemed to have rxercised ressonable care if it tskes such
aciion lor tt?at purpose as Maker sAsll reuonsbly requat in writing, but no om~uion to compty with any .cquest of Maker shslt of itself be d~emed s failure to
exr-rcise rWSO~ible qre. Without limiting the genersliq of the foregoing, the Bank shsll have no responsibility tor sscertsininy any matutities, cslls, tonver-
s~on, ezchan0es, often, terwlers or similsr msttus ~Nsting to u~y of the Collateral, nor tor informing the undersigned with respect to any thereof. Bank shsll not
` be bound to t~ke say st~ps ~ecess~ry to preserve any rights in the Colbteral against prior psrties, and Maker shs11 tske sll neoessary steps fo? suCh purposes. Bank
or its nonurNit Mtd npt tolkct intsrest on or printipsl of my Coltatersl or 9ive any notice with respect to it. Right is h~rlby exprlssly granted tothe Bank st iu
! npt ~on to trarofer ~t ~ny time to ittelf or to its nomi~ee any Colbteral and to receive tt~e ineome tFureon snd hold s~rt~e ss sscurity herefor, or spply it on the
prir?cipal Or intKKt dut 11er~On Or c*e On any lifbility s[tund hereby. , . -
Upon tM h~pp~ninp of ~ny of tf~e idlowi~g erents~ Wch of whith shell eo~utitute s default hereuntfer, w if the Bsnk d~ems itselt in~eture, the entire unpsid .
j ba4ance ot Mis notf snd Nt other liabilities oi esth M~ker to Bsnk shall thertupon or theresfter, at N+e option of 8snk, without notice o. demand, becort~e imme- '
E dretely dw ~nd p~y~Wt: (a) failuro of ~ny OWigor to perfonn ~ny sgntment hereunder w to pay in tull, when due, ~mr lisbility whstsoever to Bank or sny in-
~ atalment thtnof or inte.~st therwn; (b) the doath of any Obiipor; (c) the tili~g oi any petition under the Bankruptcy Act, or any simil~r federsl o~ ttatt statute,
~ by or sg~irqt sny Oblipor; (d) an ~ppliution tor the spnointment oi s reCeiver for, the msking of a genttN sssignrt~ent tor the benetit oi ~teditors by, or the
c insolventy of ~ny Opligor; (e) the ~ntry of s judgment psinst sny Obligor; (f) the iswing of sny sttschrrxnts or garnishment, or the filinp of any lien, agsinst ~
~ any property of srn? Obliypr; 1g) the takirg Of po~sessipn of ~ny subst~ntisl psrt of the p~operty of ~y Oblipor at the instance of ~ny go~rernmentsl wthwity; _
lhl rhe dissolution, rt~s~e., consolidation, or reorysni~tion of my Obligor; Ii1 tAe determination by Bank that a materist adverte ehan9e has oocurred in the
~ f;nancia! ea~dition of sny Obligor irom the tonditions set forth in the most rete~t fi~sntial statement of wch Obligpr heretotore furnished to 6snk, ot from
ehe co~dition of sueh Oblig~x u heretotort most recently disclosed to Bank in sny manner; or that sny w~rwnty, representstion, eertiticate, or statement of ~ny
Obl igor (whether contained in Mis note or not) pe?t~ining to or in connettion with this note or the Iwn evidenced by this note is r?ot true; (j) Me assignment by
~ any Maker oi any equity in any of the Cdlate?st wi[f~out tbe written consent of Ba~k; (k) falure to do all thinps netesssry to preservc and maintai~ the value
~ a~d collectibility of the CoH~tersl, includiny, but not limited to, the psyment oi tsxes uid premiums on policia of ~nsur~ce on the due date without benetit of
the grate period.
~ Unl~ ~ Cpll~tlM~ K pl~ifh~W! Ot t11rl~tMf t0 dlClin! fp!ldi1Y in v~lue or a of a type customarily sold on s recoyniud market, Bsnk will give Maker rea- -
snnable notiee of the time snd place o~ sny public nle the~eot or oi the time sfter which a privaie ~1e will be held. 7he requirert+ent of ressonsble notice shsll
~ be met if such notice is m~iled, post~ge prep~id, to sny FA~ker st tht sddreu g'~ven below w st sny othtr address shown on the reeords of the Bs~k, at lesst ten
~ days betore tAe time of th~ sile. Upon dispaaition ot ~ny Colqteral sher ths otturrence of any def~ult hereunder, Obtigprs thall be s~d remain IisWe tor ~ny
= defit~enCy; snd Bank shatl ~ceount to Msker for ~ny wrplus, but Bs~?k shall have the rght to apply stl or any part of wch wrptus (or to hold the same ss a
reservel aQtintt ~ny and slt other tiabilities Of eath or any Maker to Bank.
~ Bank s1N11 have, but shsll not be limited to, the followirg rights, esch of which may be ezacised st a~y time whetAer or not this note is due: (a1 to pledge
~ c;+ transfer this note snd the Collateral, whereupon Bsnk shall be relieved of all duties snd responsibilities hereurxler and rNieved from any and all liability wich
~ respect ta any Cdlsmst so pledped pr twns(erred, and sny pledgee or transteree shsll for NI purposes stand in the pfsct of Bank hereunder and h~ve sll the
.,ahcs to Bank here~nder; (b) to tnrssier che wf?ole w any part of ihe Collatent into the nsme oi itself or its nom~nee; (d so notity tF~e Obligors on aoy Cdtat-
~ e•at to mske psyment to B~nk of ~ny smounts due w to b~eome due thereon; (d) to demand, we ior, tolkct, a mske any compromise or settlement it deerns
; des~rable with Merenee to tAe Collamst; sncf (e1 w take possession or control ot sny prxeeds oi Cdlateral.
' No detay or omission on the pan ot Bsnk in exercisirg any right hereunder shall operate as a wsiver oi suth ri~t or of s~y other right under this note. No
r:a~ver or ~Itastion shsll be binding on Bsnk unleu ina writing signed by an authoriud Bank oftieer, ~nd then only to the eztent speci(ically tet torth tfierein.
` Vrestntment, demsnd, protest snd ~+otice of dishono?, ere hereby waived by esch and every Obtigor. The wking of a renewal note withour the signatu?e of any ,
~ rn:,ker or erdorser liable on this note shsll not be dsened a payment or dischs~ge ot this oWgatioo u~d che liability aeated I~ereunder shatl continue until this
r
y ~~~;ce ~s ps~d in futL The Obligors, jointty and sexrally, promise snd syree to psy atl costs ot collection, including snorneys' tees equal to 10'K of the ~rt?ount
" i; nancr~d, or wch larger smounts as msy be reasonable snd just it coilected by Itgal proteedings or through an attorney st law, includh?g ~ppellate proteedingt.
~ -
The undersig~ed scknowledge receipt of a comple~ed copy of this note on this date.
~ / =
~ r,,;,,~u 2307 Atlantic Beach Blvd, Ft. Pierce, = ; V- } isEau t
~ Fla. 33450 Georg C. O bome
~ .:,,~,ess S c~~ ~ ~ r~~ ~ ISEAL)
~
~ Susan M. Osbome
~ - - U f~
~ - eocK ~U$ PacF~~74
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